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11250 West 36th Avenue

Setna Leases 102046 SF Industrial Space At MidPoint Logistics In Hialeah From Dalfen Industrial
LEASEDIndustrial

Setna Leases 102046 SF Industrial Space At MidPoint Logistics In Hialeah From Dalfen Industrial

11250 West 36th Avenue

Building Size

102,046 SF

Asset Type

Industrial

Closing

Dec 15, 2025

AI

The leased property is located at 11250 West 36th Avenue in Hialeah, covering an area of 102,046 square feet. It is classified as an industrial asset in the Hialeah market, and will host full aviation maintenance and technical services, including teardown, testing, repair, and overhaul. The facility contains approximately 25,000 square feet of office space and specialized rooms, supporting Zulu Global’s FAA 145 repair station.

Summary of transaction details:

Setna, a Chicago-based aviation company, is making its entry into the Miami market with this lease. The transaction will strengthen its operations in aviation maintenance and support functions.

Players

Devin White

CBRE

Broker

$461.7M

vol

22 deals

Broker

Sean Dalfen

Dalfen Industrial

Landlord

$1.6B

vol

18 deals

Landlord
David Chaimovitz

David Chaimovitz

Setna

Tenant

1 deal

Tenant

Hialeah Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93